Gangwal to offload 3.3% IndiGo stake for $450 million
MUMBAI: Rakesh Gangwal, the outgoing promoter of leading domestic airlines InterGlobe Aviation that operates under IndiGo brand, is selling 3.3% stake in the company through block deals on Monday that could fetch him about Rs 3,730 crore (about $450 million). Gangwal plans to sell a little less than 1.3 crore shares of Indigo at a … Read more